Professor Mark J. Perry's Blog for Economics and Finance
Posted 10:17 AM Post Link
The most striking thing is the degree to which there are so few smooth gradients across state lines. I presume this is because of the varying levels of state taxation. Amusingly, the more liberal states have the highest the gas prices
California has oil wells and refineries operating within the state since the '30s. Their gas prices are high because of government.
It's funny viewing Maryland (where I currently live) and Virginia (where I grew up). There's about a 10-15 cent per gallon price difference when you cross over from Maryland to Virginia, but at the same time, for the most part, Maryland has strikingly better roadways.
It's also funny viewing TN and KY. KY gas is 10-15 cents more expensive and KY roads are awful.*bump**bump**bump**bump**bump**bump**bump**bump*
Sounds like gas taxes are one thing Maryland manages to spend on the right thing. This is saying alot for the state that wastes billions everywhere else on every half-baked feel-good liberal idea that comes up.
I thought that picture was supposed to be Red and Blue (not green)States MapDo I see a correlation here?
Eric,At first glance, there appears to be strong correlation, but upon examination, there are enough exceptions to conclude that it's not a function of political leanings. It has more to do with geography than anything else.
Well, geography and taxes.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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